1. Explain the terms GDP, GDP-P and PPP. Bring in a correlation between the three through an example.

2. Name two countries each of High and Low Context Societies .What are the three typical characteristics of these societies

3. Explain the term "Pure Economy". What is good about such an economy additionally why do most countries have a Hybrid or Mixed

Economy

4. Why should India open it borders and businesses for International trade. How does it help the nation. What should India be mindful

of as it opens to the World for trade.

5. Name typical three modes of entry in International Business. Explain any two.